Transforming Insurance: Securing competitive advantage
The insurance industry is at an inflexion point. The digital revolution is transforming the way insurers, reinsurers and brokers do business.
The insurance industry is at an inflexion point. The digital revolution is transforming...
The insurance industry is at an inflexion point. The digital revolution is transforming the way insurers, reinsurers and brokers do business, impacting the entire value chain. Rapidly emerging technologies are crucial enablers and must be applied with rigor and clarity of vision. Organizations and those who lead them must be at the ready – as the new environment requires us to be focused, fast and flexible to take advantage of what is ahead.
In Transforming Insurance: Securing competitive advantage, we share highlights of our recent global research and explore the ways in which technology can help players in insurance markets transform their capacity to identify trends, plan, collaborate and rapidly respond, adapt and thrive. Based on our research and interviews with insurance leaders globally, the report reveals five inter-related issues insurers and intermediaries are facing, how to:
- Operate in an increasingly digital world
- Make the best use of the vast amounts data now available
- Tame the challenge of legacy systems
- Keep the business secure given increased cyber threats
- Attract and retain the people needed to drive the change this implies
© 2023 Copyright owned by one or more of the KPMG International entities. KPMG International entities provide no services to clients. All rights reserved.
KPMG refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. For more detail about our structure please visit https://kpmg.com/governance.
Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.